The Stock Exchange of Thailand (SET) will list Grande Royal Orchid Hospitality Real Estate Investment Trust with Buy-Back Condition on July 21 under the ticker symbol GROREIT . It is the real estate investment trust that invests in freehold right of the Royal Orchid Sheraton Hotel & Towers project with asset repurchase condition within five years, making it Thailand s first REIT buy-back. GROREIT has a market capitalization at its initial public offering (IPO) of THB 3.15 billion (approx. USD 96.61 million).
SET Senior Executive Vice President Manpong Senanarong said that GROREIT would list and start trading on Property & Construction industry, Property Fund & REITs sector.
This REIT buy-back investment type has been approved by The Securities and Exchange Commission (SEC) to offer property developers an option for fund raising, boost liquidity during the COVID-19 pandemic. GROREIT will be considered the first REIT buy-back to be listed on SET.
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Inoculation key to Mice sector revival
published : 17 Mar 2021 at 04:00
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Bangkok hotels under the SET-listed Grande Asset Hotels and Property Plc (GRAND) are encouraging the government to accelerate mass inoculation as hotels are already suffering from the lack of international tourists and Mice (meetings, incentives, conventions and exhibitions) travellers.
Pasu Tunruengsri, vice-president hotel strategy and analysis at Grande Asset Hotels and Property, said the revenue contribution from Mice events was often as high as 40% in Bangkok and the group had lost tens of millions of baht per month following the new wave of the pandemic in December of last year.
The group has five top-tier hotels, of which three are located in Bangkok including Royal Orchid Sheraton Hotel & Towers and Hyatt Regency.
That s amore!
published : 12 Mar 2021 at 04:00 Right Barbecue pulled pork pizza with pickled red cabbage and jalapeño peppers at W Bangkok hotel.
Throughout March and April, a special selection of pizza is highlighted at various dining outlets at Marriott hotels across Bangkok.
Diners can expect to find more than 20 options of wood-fired pizza freshly-baked by hotel chefs to recipes ranging from pizzeria classic to newly concocted.
Authentic Italian treats such as quattro stagioni, or four-season pizza, and quattro formaggi, or four-cheese pizza, are offered at Giorgio s restaurant at Royal Orchid Sheraton Hotel & Towers. A much-loved combination of burrata cheese with culatta ham and rucola is featured at Rossini s restaurant, Sheraton Grande Sukhumvit. While a spicy salami pizza can be found at the 57th Street restaurant of Bangkok Marriott Hotel Sukhumvit.
MARRIOTT & SOS THAILAND SET UP âMUTUAL RESCUE KITCHENâ TO FEED FAMILIES IMPACTED BY THE COVID CRISIS IN BANGKOK
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published : 25 Feb 2021 at 16:58
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Special event sees GMs from 10 hotels cook surplus food and donate meals to local people in the Ma-chim Community, as part of a broader project to serve disadvantaged people
Marriott International, Inc. has come together with Scholars of Sustenance (SOS), the food rescue foundation, to host the first mutual “Rescue Kitchen” in Bangkok – an important CSR event designed to feed underprivileged people in Bangkok, including families affected by the COVID crisis.
Eight Marriott International hotels in the Thai capital – Bangkok Marriott Marquis Queen’s Park; JW Marriott Hotel Bangkok; Renaissance Bangkok Ratchaprasong Hotel; The Athenee Hotel, a Luxury Collection Hotel, Bangkok; The Westin Grande Sukhumvit, Bangkok; Royal Orchid Sheraton Hotel & Towers; The St. Regis Bangkok, and; W Bang